geneva_convenience@lemmy.mlM to Inventing Reality@lemmy.ml · 4 days agoWashington Post editorial board says don't tax the richlemmy.mlimagemessage-square76linkfedilinkarrow-up1567arrow-down16
arrow-up1561arrow-down1imageWashington Post editorial board says don't tax the richlemmy.mlgeneva_convenience@lemmy.mlM to Inventing Reality@lemmy.ml · 4 days agomessage-square76linkfedilink
minus-squareyucandu@lemmy.worldlinkfedilinkarrow-up2·3 days agoBut it isn’t true. It’s working right now in Norway, off the top of my head. But I’d imagine very wealthy people would be willing to spend a pretty penny to convince people like you and me that it doesn’t work.
minus-squareFlexibleToast@lemmy.worldlinkfedilinkEnglisharrow-up1arrow-down1·3 days agoDoing a quick search, it’s not working out for Noway. Their tax revenue is down because the wealthy moved away.
minus-squareatan@lemmy.mllinkfedilinkarrow-up1·3 days agoThey’ve had a wealth tax in Norway since 1892.
minus-squareFlexibleToast@lemmy.worldlinkfedilinkEnglisharrow-up1·3 days agoThe article I looked at was an increase of the wealth tax that occurred recently. So you’re right, not the start of it just a consequence of it.
minus-squareatan@lemmy.mllinkfedilinkarrow-up1·3 days agoWhat was the article? This one from November claims revenue has still increased - while ridding themselves of more wealth hoarders: “Revenue from it has climbed despite the exodus and now sits at 0.6% of GDP” https://www.reuters.com/business/norways-wealth-tax-trades-millionaires-equality-2025-11-24/
But it isn’t true. It’s working right now in Norway, off the top of my head.
But I’d imagine very wealthy people would be willing to spend a pretty penny to convince people like you and me that it doesn’t work.
Doing a quick search, it’s not working out for Noway. Their tax revenue is down because the wealthy moved away.
They’ve had a wealth tax in Norway since 1892.
The article I looked at was an increase of the wealth tax that occurred recently. So you’re right, not the start of it just a consequence of it.
What was the article? This one from November claims revenue has still increased - while ridding themselves of more wealth hoarders:
“Revenue from it has climbed despite the exodus and now sits at 0.6% of GDP”
https://www.reuters.com/business/norways-wealth-tax-trades-millionaires-equality-2025-11-24/